Related Keywords: eliminate trade barriers, European common market, Filipino companies, flooded with duty free American made products, Philippines business leaders, Philippines to join TTP, revive textile and apparel industries, tariffs and quotas, Trans Pacific Parternership
In the Philippines, even among business leaders there is still very little appreciation of Trans Pacific Partnership (TPP) for its beneficial effects on the Philippine economy. For instance, some claim that the contents of the TPP Agreement are a secret. The TTP is envisioned to be similar to the European Common Market. The goal is to eliminate trade barriers especially tariffs and quotas among countries in the Asia Pacific region. The first batch of signatories included Australia, Brunei, Canada Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States and Vietnam.
